The Prime Minister approved the establishment of the International Financial Center Steering Committee, chaired by Deputy Prime Minister Nguyen Van Thang, to develop and operate international financial centers in Ho Chi Minh City and Da Nang.
From July 1, investors holding fund certificates for over 2 years are exempt from transfer tax, and the income tax on fund distributions is halved from 5% to 2.5%. The policy aims to encourage long-term investment and develop Vietnam's fund management industry.
OPEC+ agreed to increase oil production by 188,000 barrels per day in August, the fifth consecutive monthly increase, despite Middle East conflicts disrupting supply through the Strait of Hormuz.
PNJ shares hit the floor for a second consecutive session, wiping out over VND 4.3 trillion in market cap, following news of a diamond smuggling investigation involving a former director of its subsidiary P-Lab. The chairman's family lost over VND 710 billion in stock value.
Foreign investors net sold over 582 billion VND on July 6, marking the third consecutive session of net selling, while proprietary traders net withdrew 523 billion VND on HOSE, with MWG being the most sold stock at nearly 260 billion VND.
PNJ's subsidiary P-Lab is implicated in a diamond smuggling case, with 28,000 diamonds under investigation. PNJ clarifies that the diamonds did not enter its retail system and that P-Lab only provides certification services, but reputational and governance risks remain elevated.
VnEconomy - Chứng khoán
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Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.